Ocean Freight Comments
Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consulting: Dry-Bulk markets are slowly trying to claw their way upward, but it is a difficult struggle moving in small rate increments of $0.25-0.50/MT in most routes. It is interesting to note that Capesize markets have not been able to make any gains over the last few weeks, and this will ultimately influence the Panamax sectors if it does not change. The effects of the COVID19 virus still haunt freight markets but the container sector seems to be working out port logistics problems; now they just need more business. Some container shipping lines are attempting to improve margins by tacking on exorbitant virus surcharges.
